Doubt it'll happen since the WF BOD is clueless, but if enough shareholders chime in and get the media involved, you never know.
https://www.cnn.com/2023/01/13/tech/tim-cook-apple-pay-cut/index.html
3 replies (most recent on top)
the tim cook article - salary 3MM cash, bonus 6MM cash. the "cut" is in stock/restricted stock - taking his total comp from almost 100MM to 50MM.
Scharf's $2.5 million in base salary, a $5.4 million cash bonus, 16.6MM stock/restricted stock
for both of them, 3/4-ish of the stock is "performance" incented.
Their comp is roughly proportionate to the earnings of their companies.
Life in CEO-land...isn't it lovely.
They're listening to us even less than we're listening to them. This exec team couldn't care less what we think. They look at anyone that's been here longer than Scharf as "part of the problem" and can't wait to get rid of us. ALL of us.
Send an email to:
The board of “directors.”
Email: boardcommunications@wellsfargo.com
Send a letter to:
Wells Fargo & Company
P.O. Box 63750 or P.O. Box 63710
San Francisco, CA 94163